TSAKOS ENERGY N/SH (NYSE:TNP) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 419,400 shares, a drop of 67.5% from the June 30th total of 1,290,000 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 251,300 shares, the short-interest ratio is currently 1.7 days.
A number of equities research analysts have recently weighed in on TNP shares. TheStreet raised TSAKOS ENERGY N/SH from a “d+” rating to a “c” rating in a research note on Friday, April 17th. Stifel Nicolaus downgraded TSAKOS ENERGY N/SH from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $12.50 in a research note on Thursday, June 18th. Zacks Investment Research downgraded TSAKOS ENERGY N/SH from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, ValuEngine raised TSAKOS ENERGY N/SH from a “strong sell” rating to a “sell” rating in a research note on Monday, April 27th.
Shares of TNP stock opened at $8.70 on Friday. The stock’s 50 day simple moving average is $10.13 and its 200 day simple moving average is $13.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.08 and a current ratio of 1.12. TSAKOS ENERGY N/SH has a twelve month low of $8.48 and a twelve month high of $23.85. The company has a market capitalization of $165.44 million, a price-to-earnings ratio of 4.24 and a beta of 0.71.
TSAKOS ENERGY N/SH (NYSE:TNP) last issued its quarterly earnings results on Thursday, June 11th. The shipping company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.05 by ($1.45). The business had revenue of $146.19 million during the quarter, compared to the consensus estimate of $155.94 million. TSAKOS ENERGY N/SH had a return on equity of 5.66% and a net margin of 3.99%. On average, analysts forecast that TSAKOS ENERGY N/SH will post 3.51 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in TSAKOS ENERGY N/SH by 3.6% in the 1st quarter. Russell Investments Group Ltd. now owns 2,740,562 shares of the shipping company’s stock worth $8,938,000 after buying an additional 96,193 shares during the period. Acadian Asset Management LLC grew its stake in TSAKOS ENERGY N/SH by 4.4% in the first quarter. Acadian Asset Management LLC now owns 1,186,219 shares of the shipping company’s stock valued at $3,866,000 after acquiring an additional 49,542 shares during the period. Two Sigma Advisers LP grew its stake in TSAKOS ENERGY N/SH by 18.2% in the first quarter. Two Sigma Advisers LP now owns 358,500 shares of the shipping company’s stock valued at $1,169,000 after acquiring an additional 55,300 shares during the period. Geode Capital Management LLC boosted its position in shares of TSAKOS ENERGY N/SH by 637.2% during the fourth quarter. Geode Capital Management LLC now owns 225,332 shares of the shipping company’s stock worth $981,000 after buying an additional 194,768 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of TSAKOS ENERGY N/SH during the first quarter worth about $636,000. 0.51% of the stock is currently owned by institutional investors.
TSAKOS ENERGY N/SH Company Profile
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.
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